Boston Common Asset Management LLC Increases Position in Digital Realty Trust, Inc. $DLR

Key Points

• Boston Common Asset Management LLC increased its stake in Digital Realty Trust by 20% in the second quarter, owning 78,242 shares valued at approximately $13.6 million.
• Digital Realty Trust reported better-than-expected earnings with an EPS of $1.87, surpassing the consensus estimate of $1.74, and a revenue of $1.49 billion, reflecting a 10% year-over-year growth.
• The company announced a quarterly dividend of $1.22 per share, with an annualized yield of 2.8%, despite having a dividend payout ratio of 128.08%.

Boston Common Asset Management LLC raised its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 20.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,242 shares of the real estate investment trust's stock after purchasing an additional 13,014 shares during the quarter. Boston Common Asset Management LLC's holdings in Digital Realty Trust were worth $13,640,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC raised its position in Digital Realty Trust by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 5,797 shares of the real estate investment trust's stock valued at $1,011,000 after purchasing an additional 67 shares during the period. QRG Capital Management Inc. grew its stake in shares of Digital Realty Trust by 15.3% in the second quarter. QRG Capital Management Inc. now owns 45,793 shares of the real estate investment trust's stock worth $7,983,000 after acquiring an additional 6,061 shares in the last quarter. Segment Wealth Management LLC grew its stake in shares of Digital Realty Trust by 34.9% in the second quarter. Segment Wealth Management LLC now owns 1,949 shares of the real estate investment trust's stock worth $340,000 after acquiring an additional 504 shares in the last quarter. Stock Yards Bank & Trust Co. grew its stake in shares of Digital Realty Trust by 1.9% in the second quarter. Stock Yards Bank & Trust Co. now owns 13,830 shares of the real estate investment trust's stock worth $2,411,000 after acquiring an additional 264 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Digital Realty Trust in the second quarter worth $115,000. Hedge funds and other institutional investors own 99.71% of the company's stock.

Digital Realty Trust Stock Performance

Shares of DLR stock opened at $176.56 on Friday. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $170.00 and a 200 day moving average price of $166.04. The company has a market cap of $60.22 billion, a P/E ratio of 46.34, a PEG ratio of 5.07 and a beta of 0.96. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, topping analysts' consensus estimates of $1.74 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. Sell-side analysts predict that Digital Realty Trust, Inc. will post 7.07 earnings per share for the current fiscal year.

Digital Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, September 15th. Digital Realty Trust's dividend payout ratio is currently 128.08%.

Insider Transactions at Digital Realty Trust

In other Digital Realty Trust news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $175.16, for a total value of $9,330,598.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DLR has been the subject of several research reports. Mizuho boosted their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 17th. Barclays boosted their price target on shares of Digital Realty Trust from $140.00 to $141.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Stifel Nicolaus boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Guggenheim initiated coverage on shares of Digital Realty Trust in a research note on Wednesday, July 9th. They issued a "neutral" rating for the company. Finally, Raymond James Financial boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the stock a "strong-buy" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $192.44.

About Digital Realty Trust

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

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